3125 Pinetree RdLansing, MI 48911

Property Details for 3125 Pinetree Rd

Year built

1993

Lot size

1.69 AC

Property size (Sq ft)

19,696 SF

Zone code

IP

Property type

Mixed-use properties

Property subtype

Other industrial properties

APN

33-25-05-02-401-003

APU

33250502401003

Description

This Oakwood Executive Park property offers a versatile 19,696 square foot flex space, ideal for various businesses. The single-story, 1993-built building underwent renovations in 2015. It features 4,928 square feet of vacant space, divisible into warehouse and office areas. The warehouse boasts 17-foot ceilings, one grade-level door (14'H x 12'W), one shared loading dock, and 3-phase, 480-volt power. Office space includes a showroom, reception area, conference room, two private offices, an open work area, and an in-suite restroom. The building also offers 8-10 parking spaces and one drive-in. The property is zoned IP and located at the intersection of Pine Tree and English Oak Drive (APN: 33-25-05-401-003). The landlord is receptive to tenant build-out requests. This exceptional location provides easy access and ample space for a variety of professional uses. The property's features combine the functionality of a warehouse with the sophistication of modern office space, creating a unique and adaptable environment for your business.

• CAP approach

  CAP return

  Valuation

  6%

  $1,527,855

  6.5%

  $1,410,328

  7%

  $1,309,590

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,855,664

  Geo Method

  $2,855,664

• Alternative Use

  Use

  Valuation

  Residential

  $1,410,328

  Hospitality

  $1,291,853

  Educational

  $1,074,806

  Medical

  $1,111,771

  Retail

  $1,671,921

Location Insight

City

Lansing

County

Ingham

State

Michigan

Latitude

42.6733

Longitude

-84.5044

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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